REGARDING THE OWNERSHIP OF SHARES IN PT SURYA CITRA TELEVISI
REGARDING THE OWNERSHIP OF SHARES IN PT SURYA CITRA TELEVISI
The Law Office "Lontoh Kailimang", acting for and on behalf of "PT Surya Citra Media Tbk", domiciled in Jakarta, hereby object to the "Announcement to Confiscate Security", published by Wiranto & Co Attorneys at Law who act for and on behalf of PT Citra Gemilang Sejahtera, dated November 4, 5 and 6, 2002 in certain newspapers in Jakarta. The objection is as follows:
The content of the Announcement to Confiscate Security, specifically number 2.1 point 6 which states: that there has been confiscated securities in properties owned by PT Datakom Asia (the 1st Defendant) consisting of "shares owned by PT Datakom Asia in PT Surya Citra Televisi with amount of 42.750.000 (forty two million seven hundred and fifty thousand) shares" is not correct and very misleading to the public, because:
1. PT Datakom Asia was formerly the owner/holder of 61.750.000 (sixty one million seven hundred and fifty thousand) shares in PT Surya Citra Televisi, not for the amount of 42.750.000 shares, but on April 18, 2002, PT Datakom Asia sold all their 61.750.000 shares to PT Surya Citra Media Tbk. The portion of the purchase price of the shares was paid through JP Morgan Chase Bank (formerly known as Chase Manhattan Bank) Jakarta branch to the Indonesian Bank Restructuring Agency (IBRA-"BPPN") in respect of the interest of PT Bank Central Asia as taken over bank and on April 30, 2002, PT Surya Citra Media Tbk had received the original of 61.750.000 shares certificates referred to above from JP Morgan Chase Bank (formerly known as Chase Manhattan Bank) Jakarta branch as the Collateral Agent, and since the selling date of shares referred to above, PT Datakom Asia ceased to be the owner/holder of shares in PT Surya Citra Televisi.
2. All the transactions of sale and purchase of 61.750.000 shares on April 18, 2002 between PT Datakom Asia and PT Surya Citra Media Tbk were conducted through JP Morgan Chase Bank (formerly known as Chase Manhattan Bank) Jakarta branch as the Collateral Agent for the interest of Bank of New York and PT Bank Central Asia as the creditors.
In relation to the sale of shares mentioned above, PT Datakom Asia had made Statement Letter dated April 30,2002, that clearly stated PT Datakom Asia or any of its affiliations, directly or indirectly, not as the owner of the shares in PT Surya Citra Televisi.
This objection is made for public information and in order to protect the interest and legal rights of PT Surya Citra Media Tbk and also to avoid any legal claims as the consequences of the Announcement to Confiscate Security dated November 4, 5 and 6, 2002.
Jakarta, 13 November 2002 The Attorney of PT Surya Citra Media Tbk Law Office Lontoh & Kailimang
SignedSignedSigned
Rudhy A. Lontoh, S.H.Srimiguna, S.H.Denny Kailimang, S.H.